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Vehicles recalled.

 

Nissan, the Japanese car company is apparently recalling over two million of their vehicles across the globe due to a fault with the engine control system.

The cars were produced between 2003 and 2006 and models involved include the Tida and the Cube.
Most of the cars affected are from Japan or North America, however 354170 are being recalled across Europe.

Nissan have advised that no accidents have been reported as a result of the fault, which may cause the engines to stall whilst the car is running . The company will replace defective parts for free on certain vehicles.

Post Offices to be secured with £1.3 billion

 

Vince Cable, the Business Secretary last night advised a package of £1.3 billion to prevent our post offices closing.
In recent years a large numbers of Post Offices have been forced to close down due to cost cutting.
The business Secretary is doubling the funding provided by the Government, which means there it is likely there are no plans for future closures.
Mr Cable said,

“The Post Office is not for sale. It is unique. It operates in places where other retailers do not. It offers services other retailers do not. Above all, it plays an essential social and economic role in our communities. It needs greater efficiency and lots more money so it can modernise.”

BT is increasing its volume of apprentices

 

According to BT there are numerous apprenticeships available in different parts of the business.
It has had a large increase in applications this year, rising from around 9000 in 2009 to approximately 24,000 who have registered for the first set of vacancies.
The company will be recruiting around two hundred extra staff by Christmas in addition to the two hundred and twenty one positions they have filled already earlier in the year.
BT also stated that further staff will be required to help with the roll out their new high speed fibre optic broadband network.

More time being taken off by public sector workers.

 

A study has shown that public sector workers take three more sick days per year on average compared with those working in the private sector. The stats come from the Chartered Institute of Personnel and Development.
Apparently more and more they are blaming stress for their absences.

The average time taken off work due to sickness in the public sector is 9.6 days per employee each year, compared with the private sector where the average is 6.6 days per employee in a year.

Within the public sector people rated concerns about company restructuring and organisational changes as one of the top three causes for increased work related stress.

Seventeen year old goes in to business as an undertaker, possibly the youngest in Britain.

 

Seventeen year old George Simnett may have become the youngest funeral director to have set up his own business. He has started running the business following two months of learning how to prepare and clean bodies for funerals.
At present the company is run from the premises of Charnwood Funeral Services in Leicestershire, which is where George learnt the trade.
He initially intended to work in the farming trade as per tradition in his family, however after attending agricultural college he found the money he was earning was not enough to make a wage.

Why businesses still aren’t feeling overly confident

 

The recession might be over in the UK, but it looks as though it will be a very long time before things in the business world are completely back to normal.

Unemployment levels are still alarmingly low, and a very large proportion of companies are still frantically looking for ways to cut back on costs.

Whilst we are greeted with good news in the media from time to time, reports of redundancies, bankrupcies and liquidation are still all too common.

The coalition government has warned that economic recovery will be a very slow and very painful process, and the majority of businesses just aren’t willing to take any chances just yet.

Lloyds to cease operations in Ireland

 

Although we may technically now be out of the recession, the majority of business sectors are still suffering, and the banks are no exception.

It’s a case of another day, another batch of job losses over at Lloyds Banking Group, as they today announced their intentions to cease operations in Ireland.

Lloyds has around 800 personnel in Ireland, although it’s not all bad news for these employees, as Lloyds confirmed that a large proportion are likely to be employed by the company which takes over.

Although some banks have recently announced healthy profits, it seems that they still aren’t immune to the effects of the ever-changing economy.

Business liquidation figures fall

 

Finally there seems to be a glimmer of hope on the horizon for UK businesses, as recent figures have shown that the number of companies who went into liquidation between the months of April and June this year dropped by a fifth compared to last year.

Although around four thousand companies in the UK went into liquidation, this is still a significant improvement on last year’s figures.

However, experts still don’t see any cause for celebration yet, and some have predicted that figures could rise again in 2011 due to spending cuts in the public sector.

Accounting expert Will Wright explained:

“You’ve got to take these figures in context; personal insolvencies have rocketed on the back of the consumer credit boom.”

Record rise in numbers taking out motor trade insurance

 

It has recently been reported by insurance specialist Staveley Head that the volume of insurance quotes from motor trade customers in June increased by more than 280 percent, when compared to the same month last year.

This level has never been experienced before and the numbers taking up the cover rose by nearly 220 percent over 2009’s figures.

A Staveley Head spokesperson explained:

“We are continuing to increase out internet presence and also our profile in the market. We anticipate that the number of enquiries received and also the number of motor trade insurance policies issued will expand by a further 150% in the next twelve months.”

The leading commercial vehicle insurers in the UK have posted similar outstanding results as motor traders recognise the real need for the protection of their vehicles.

The increases may have occurred because of a number of factors, including awareness over the internet, with referrals from distribution networks and trade advertising.

The self-employed motor trader is fast becoming a chosen profession for qualified engineers and so commercial vehicle insurance is an important consideration for these tradespeople.

You can now get tailor made policies which are designed to cater for a wide range of commercial customers, with specialist products available for traders who buy and sell cars from home to those who repair commercial vehicles on business premises, there is sure to be a policy that can be tailor-made to suit your circumstances.

Banks still getting pay rises

 

It seems the Governor of the Bank of England, Mervyn King has seen his pay increase quite substantially despite the economic downturn and the problems the UK banks have caused for the UK economy. King saw a 2.5% increase in his wages which now take him to three hundred and six thousand pounds a year.

It’s reported that Mervyn King has refused to accept anymore wage rises for the next two coming years and this was a personal decision not on too encourage other city bankers to take on. Saying that city pay is becoming more and more controversial day by day.